Michael Saylor Rejects Report of New Strategy Bitcoin Sale Approval
Key TakeawaysSaylor identified the reported $5 billion authorization as old news.The June framework permits bitcoin sales but requires none.Earlier sales funded preferred dividends and rebuilt cash reserves. Saylor Pushes Back on Viral Bitcoin Sale Claim Strategy Executive Chairman Michael Saylor pushed back Aug. 1 on reports that Strategy Inc. (Nasdaq: MSTR) had newly authorized up to $5 billion in bitcoin sales. His response followed a widely circulated social media post that presented the companys existing capital-management framework as a fresh decision, prompting concern about potential selling pressure. Saylor characterized the claim as recycled information and explained that the authorization was announced June 29 as part of the companys Digital Credit Capital Framework. He reiterated that the program permits bitcoin sales for defined corporate purposes and that Strategy had announced no additional bitcoin sale authorization. Filing Shows How the Program Operates A July 6 filing with the U.S. Securities and Exchange Commission (SEC) recorded 3,588 bitcoin sold for $216 million between June 29 and July 5, following Strategy‘s first bitcoin sale since 2022 of 32 BTC to help fund preferred-stock dividend payments. It later issued $263.5 million in common stock without purchasing additional bitcoin, opting instead to increase cash reserves and liquidity. Those actions reflected the









